Ann: Media release and presentation re 2015 results, page-10

ndp,
I am with you, but the question is, where will the SP land now? It's a real falling knife strategy.
Without any doubt at all, the demand for Nickel will be there on our planet for many decades to come, but at these Ni prices, MCR simply cannot make any money. It's a real crunch time amongst producers and only the robust will survive. (I think MCR, with it's albeit reduced cash reserves, will be there for the long term).
It may be a good time to buy by averaging in, but it could still have further to fall. The yuan devaluation has really thrown a monster spanner in the works.